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Stocks Rise Despite S&P's Debt Warning
Featuring Keith Fitz-Gerald, Chief Investment Strategist, Money Morning
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Who are you kidding. What profits? Compared to what, 2008? Geeezzz! When do you guys quit being the "Ra,ra, ra salesmen. Soon this QE will have to end as the real debt reduction champions begin to flex their muscles. When that happens, the stock market is going to fall through the basement. This whole rally has been based on 1.5-8 billion dollars injected right into the stock market almost every day. The individual investors are not buying this crap as represented by the very low volume….. The Fed is simply causing a huge bubble that is going to soon burst. Only problem now is that we are probably going to have a panic thanks to this silly Fed action. All they have done is run the stock market up and make the very rich even richer, while saddling the average American with even more debt. It is a huge "Berni Madoff" Ponzi scheme!
Mike